Daniel Diermeier Of Vanderbilt University Acquires Chelsea Special Purpose Property From Ian Markham For $102M

The asset involved in this transaction is a special purpose property located at 440 West 21st Street in Chelsea, Manhattan. The sale price is $102,000,000, and the property comprises 150,000 square feet, resulting in a price per square foot of $680. This is an education campus that operates under a 99-year ground lease.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $102,000,000
• Address: 440 West 21st Street
• Market: Chelsea, Manhattan
• Square Footage: 150,000
• Price per Square Foot: $680
• Buyer: Daniel Diermeier - Vanderbilt University
• Seller: Ian Markham - General Theological Seminary
• Broker Representatives: Christopher Turner, Kate Hrobsky & Paul G. Wolf - Denham Wolf Real Estate Services

The deal involves key individuals and companies, with Daniel Diermeier representing Vanderbilt University as the buyer and Ian Markham representing the General Theological Seminary as the seller. The transaction was facilitated by the brokerage team from Denham Wolf Real Estate Services, which included Christopher Turner, Kate Hrobsky, and Paul G. Wolf.